bdb, absolutely not. I think people have a problem understanding...

bdb, absolutely not. I think people have a problem understanding the the information put out.

The report is very easy to understand if you know what your reading.

I think part of the share price drop maybe put down to investors moving for the short term from RUM to MAK based on some news from MAK re: JV with Indian Co.

I do think at the end of the day if the share price falls we will be buying more stock. When the Maiden JORC comes out we will then be in a great position to repeat the rewards of that announcement.

JORC compliant statements are generally easier to understand than technical data of which this is.

What interests me in this report is that the coloured bars on the side of each one of those long drill hole side slices show the depth of the ore bodies, the grades of the ore bodies.

The pale shade of very pale pink colour are the grades which are 15% up to 25% and then you have the red bars which show the higher grades in the 30% range.

The area is rather large, I think 23 sq klms or something like that from memory but I might be wrong. That is rather huge.

Taking the information from the Resource Stock Report/Article the company is very happy with progress and as a result have decided to fast track the entire procedure for both ammaroo/barrow creek and the JV with RWD at Karinga Creek.

I gather from the Karinga Creek comment that they hope to be in production of some sort within the next 2 years and within a year or two the Ammaroo/Barrow Creek tenements.

Personally if the share continues to fall, I see that as great buying opportunities as I know when the Maiden JORC comes out there will be an upside and if I can buy in at the base of the low I hope to make a nice profit.

In relation to the ceasing to be holders of those tenements, it may have been a financial decision to not renew the leases, it make have been that they are moving into fertilisers and away from the Uranium program, or it may have simply not been a viable resource. The quarterly report states tenements they are keeping and new ones they are acquiring. Also noted that RWD and RUM have a few new tenements JV 50% x 50% each.

These are just my opinions, do your own research. I'm sticking around till at least Maiden JORC announcement for now and then reassessing. Remember there is a Maiden JORC to be done on Karinga Creek project yet. So that is two major Maiden JORC statements to come.

Anyway, I do understand if people want to shift their investments in the meantime and move to other stocks moving and wait a little closer to the announcements for JORC Compliance before re-entering the market. That just makes commercial sense to me, but to leave because of this data, that does not make sense to me at all. This project is just a case of removing a few layers of soil is the most part to begin extracting the resource as a simple open cut, the report clearly shows that if you read the data shown.

I have a question,

I would like to know if anyone can tell me, once JORC is announced 'Will RUM be seeing a JV with the company to exploit deposits, or a potential T/o or huge capital raising for a go alone project???

Anyone got an answer to that question :D